- US market futures dipped slightly higher on Tuesday as investors awaited the policy statement that Federal Reserve Chair Jerome Powell will make during his congressional hearing later in the day. Treasury bond rates maintained below the crucial 4% level.
- Futures on the S&P 500 decreased by approximately 0.25 percent after the underlying gauge ended Monday flat. Meta was the biggest mover in premarket trade, rising on reports that Facebook's owner is getting ready to lay off thousands more workers. The Stoxx 600 index of European stocks traded just above flat as a surprising boost in industrial orders from Germany confirmed the strength of the Euro Zone economy.
- Many investors are still avoiding the market after repeatedly losing money when they bet on an inflation peak, a slowing US economy, and a Fed policy reversal. The S&P 500 index has gained 2% this month, making up some of the losses from February, but traders don't seem eager to push the gauge much higher until they have more information on how high interest rates might rise and if the world's largest economy would avoid recession.
